Absa Africa Financial Markets Index Report - Uganda
February 6, 2024
This morning, Absa Bank's Financial Markets Index report forum will be taking place here in Uganda moderated by @samuelsejjaaka and key notable speakers on the day. The report ranked Uganda 4th Overall just behind South Africa, Nigeria and Mauritius.
As we gear up to hear the Progress made by Uganda in the financial Markets, it’s crucial to see what other countries are doing in the financial Markets that Uganda can leverage on to make our Markets better, especially in the Treasury Bond and Equities Market.
Tanzania.
What does this mean for Uganda? Well, right now, we don't have these special bonds that follow Islamic laws. So, for our Ugandan Muslim brothers and sisters who want to stick to their beliefs while investing their money, we don't have anything to offer. By bringing these kinds of bonds to Uganda, we can make sure everyone has a chance to invest their money in Capital Markets.
Zimbabwe.
If we had something similar to a REIT, regular Ugandans could invest their money in big income-producing properties like shopping malls or office buildings. This can allow people to earn money from these investments without having to buy a whole building by themselves. It's a more affordable way for regular people to invest in real estate.
Egypt and Eswatini
Going big on Green Bonds and Climate Financing direction.
Green bonds are in high demand around the world since more and more people are becoming conscious about climate change. They want their money to make a difference – to do some good for the planet. It's no different in Uganda.
By adopting similar changes to Egypt in our laws, we could create opportunities for green bonds in Uganda. This wouldn't just attract international investors who have their eyes on eco-friendly projects. It would also offer a new way for some Ugandans to invest their money in something they can truly feel good about.
We are learning